Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 66M | 17.2% |
| Gross Profit | -209M | 476.9% |
| Cost of Revenue | 1.1M | 0.2% |
| Operating expense | 12M | 6.5% |
| Net Income | 66M | 236.3% |
| EBITDA | 66M | 11.7% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 13.4B | 33.3% |
| Total Liabilities | 12.1B | 36% |
| Total Equity | 1.32B | 13.4% |
| Shares Outstanding | 55M | 13.2% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 47M | 74% |
| Cash from investing | -3.26B | 252.8% |
| Cash from financing | 3.23B | 244.4% |
EPS
Financial Highlights for ARMOUR Residential REIT in Q3 '24
ARMOUR Residential REIT reported a revenue of 66M, which is a 17.2% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at -209M, marking a -476.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.1M, a 0.2% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 12M, showing a -6.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 66M, showing a 236.3% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 66M, showing a -11.7% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
ARMOUR Residential REIT faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. A decline in EBITDA signals potential operational challenges or increased costs.
